Thursday, March 11, 2010

Documentation Needed For a Short Sale

Realtor:

• Letter of Authorization 
• Letter of facts about the property
• Market analysis
• Photo's  
• Copy of all showings with dates and feedback
• Copy of Listing Contract
• Copy of Purchase Contract 
• Review letter of hardship
• Send to Loss Mitigation Department

Seller:

• Two years tax returns with W'2s
• Three months bank statements
• Current monthly budget
• All mortgages with account numbers
• Any pending bankruptcy
• Hardship letter
• Last 30 days pay stubs